Several readers have emailed wondering whether oil would be a good buy at this level. The most obvious reason has been the devastating oil spill with all its implications. Let’s take a look at a 2-year chart of oil as represented by USO, the heavily traded ETF: As you can see, oil has gone nowhere in the past year and …
Sunday Musings: 5 Star Mutual Fund Ratings
In the new world of ETFs, it seems almost archaic to talk about Morningstar’s mutual fund ratings. But with many investors still being stuck in 401ks with only mutual funds a choice, it’s still a valid topic. MarketWatch reports that “Five-star mutual funds don’t live up to their past:” Tim Courtney decided he’d had enough. In meeting after meeting this …
The Tip Of The Iceberg
Jim Jubak wrote an interesting piece a week ago titled “Euro crisis is tip of the iceberg.” It’s a bit lengthy but well worth the read. Someday the euro debt crisis that started in Greece and spread to engulf Europe will be over. Politicians in the nations that use the euro will figure out the right mix of carrot and …
No Load Fund/ETF Tracker updated through 6/3/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA rebound early in the week was annihilated today via a poor jobs report and negative news from Europe. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) to the upside by a scant +0.52% (last week +1.06%) keeping the current buy signal intact. The effective …
Rebounding Efforts
Finally, a rebound effort did not fail as we’ve seen so many times in the recent past. While yesterday’s rally lost some steam during mid-day, the bulls did not give up and the major indexes closed at their high points for the day as the chart (courtesy of MarketWatch.com) shows. With no news out of Europe to rock the boat, …
Too Many Worries
Yesterday, the market started out with a hangover from last week by dropping over 1% at the opening on reports of slower manufacturing numbers in China. The Euro hitting a 4-year low against the dollar did not help the cause for a rebound. Meanwhile, positive manufacturing and construction spending reports here in the U.S. seemed to put a floor under …